iTunes Match data to be reset today, official launch coming tomorrow?

Apple has informed its iOS developers that it intends to reset iTunes Match beta accounts on Thursday October 27. Apple states that this is intended to improve “overall quality and reliability” of the service. Resetting iCloud data is nothing new as it has happened a few times during the iOS 5 and iCloud betas.

iTunes Match was announced as part of iCloud and is Apple’s version of a music locker service. For $24.99 a year, iTunes Match will scan your desktop iTunes library, give you a 256-bit AAC version of every song it finds there that’s included in the 20 million strong iTunes catalog, and let you upload any songs (at the original quality) that aren’t.

It still appears that the service will be US only at launch due to licensing deals. Hopefully Apple is working hard to resolve these issues; then the reality of cutting the cord can be fully realized by everyone. Apple did say at the "Let's Talk iPhone" event that iTunes Match would be available at the end of this month; so it is expected right around now!

I may be mistaken but this isn't even a streaming service is it? It's just gives you the ability to re-download any of your songs to any iOS device? So you would have to have the space free on your iOS device as well as a data connection of some sort? I hope I am wrong as the streaming service would be much better and compete with Amazon and Google Music.
Then again if Amazon and Google would just release a native client for their music services I would be happy as a clam.

Once your music is in iCloud, you can stream and store it on any of your devices. Even better, all the music iTunes matches plays back from iCloud at 256-Kbps AAC DRM-free quality — even if your original copy was of lower quality.

Does anyone know if the uploaded songs will go against my 5gb? I know the ones that match up won't, I'm just worried about all those ones that don't. I don't want to have to pay $25 and then pay extra for the space too. That space would add up quick.

I'm using the match beta and everyone says it is not a streaming service. IT IS! It just integrates like normal into the built in music player. Every song is clickable and will stream and download to your phone. I'm not sure what the cache is, but I've had some songs delete themselves. You can also click the cloud button and they will download for you. My only issue with the service, at least in its beta condition, is that it doesn't work with accessories that control the ipod for you. Like my car. the only songs that show up are the ones it has downloaded/cached. Not sure if they can fix this...also album art is super picky. But hopefully it will work beta upon release.

I think you guys missed something from the email that is vitally important, IMHO. You should turn off iTunes Match so your devices aren't affected.
Apple:
"To continue to improve the overall quality and reliability of iTunes Match, we will be deleting all current iCloud libraries on Thursday, October 27th.
To prepare, please turn off iTunes Match on all of your computers and iOS devices. On your computer, choose Store > Turn off iTunes Match. On your iOS device, tap Settings > Music, then turn off iTunes Match.
The songs on your computer should not be affected. As always, please backup regularly and do not delete the music you add to iCloud from your computer."

You know, I paid my $24.99 being told I'd get an extra three months of service for free be being one of the testers and early adopters.
My account expires in September of 2012. Somehow, that 15 months started at the start of the beta. We weren't told that. So now, I have already paid for a service I still can't use daily yet because they keep deleting my shit, and my account expires less than a year from the release date...
I got fucked in this deal.
For the record, iTunes Match is the most awesome thing I've been able to do with my phone. Seriously. I have 2,403 albums in my collection and there will never be an iPod or iPhone with enough storage to catch me. With this, I have all 2,403 albums available all the time.
It really is awesome.